George Stevens Commercial RE

7580 Northcliff - Brooklyn Ohio

2012-01-26T11:30:00.002-05:00

7580 NORTHCLIFF AVE, BROOKLYN, OHIO

For Lease:
Unit 1000—10,000 SF ($10.00 PSF) - End Cap— Extensive glass line for natural lighting
Unit 900—4,861 SF ($8.25 PSF)

Suite 200—9,000 SF End Cap Unit ($10.00 PSF)
For more info:
george.stevens@grubb-ellis.com
http://www.stevenscommercial.com/

Dawson Cos. acquired by AssuredPartners - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2012-01-26T11:26:00.000-05:00

Dawson Cos. acquired by AssuredPartners - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Terms of the acquisition by AssuredPartners, a portfolio company of Chicago private equity firm GTCR, were not disclosed. The deal includes Dawson Insurance Inc., Dawson of Florida, Dawson Consulting Group LLC., Group Benefits Agency Inc. and Dawson Mid-Atlantic LLC.

Cleveland Commercial Real Estate Forecast Event 2012

2012-01-10T10:26:00.000-05:00

PlayhouseSquare agrees to sell Hanna Building Annex to K&D Group - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2012-01-06T08:54:00.000-05:00

PlayhouseSquare agrees to sell Hanna Building Annex to K&D Group - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Eager to spur development of a significant residential component in Cleveland's Theater District, the PlayhouseSquare Foundation has struck a deal to sell for an undisclosed price the Hanna Building Annex to K&D Group of Willoughby, which plans to convert the office property into 102 apartments.

New Listing!! 750 Alpha, Highland Heights, OH

2011-12-12T15:01:00.001-05:00

New Listing
750 Alpha, Highland Heights, OH
Available for Lease
24,934 square feet
Light industrial warehouse/former recreational facility

Intelligent Mobile Support in Solon secures $250,000 JumpStart investment - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2011-12-08T08:17:00.000-05:00

Intelligent Mobile Support in Solon secures $250,000 JumpStart investment - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Intelligent Mobile Support will use the money to make improvements to its software, which is designed to help mobile employees access information and connect with coworkers who can answer their questions. The company also will use the investment to finance a new effort to market the software to companies that manage nurses who travel to patients' homes.

Lianda Corp. to move headquarters to Twinsburg from Hudson - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2011-11-30T12:42:00.000-05:00

Lianda Corp. to move headquarters to Twinsburg from Hudson - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Lianda Corp. opened its doors in 1995, first in the home of owners Shawn Xu and Lee Mao. It has worked out of the same corporate office in Hudson since 2005.

Cleveland International Fund to provide up to $65M in financing for American Greetings project - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2011-09-30T11:59:00.001-04:00

Cleveland International Fund to provide up to $65M in financing for American Greetings project - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Cleveland International Fund announced late today, Sept. 21, that it expects to provide up to $65 million of financing to assist American Greetings Corp. in the construction of its new world headquarters in Westlake.

Third Frontier Commission awards $6.6 million to tech projects in Northeast Ohio - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2011-09-08T12:08:00.001-04:00

Third Frontier Commission awards $6.6 million to tech projects in Northeast Ohio - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Among the projects are two run by the Philips Healthcare Global Advanced Imaging Innovation Center, which is a collaboration of Philips, Case Western Reserve University and University Hospitals Case Medical Center.

Ohio - Local Economy Set to Take Off

2011-08-26T10:09:00.000-04:00

Ohio - Local Economy Set to Take Off

Ohio is hitching its wagon to advanced manufacturing. The Buckeye State aims to retool its ailing old-school industries to produce 21st-century technologies, replicating in a variety of venues the transition that Toledo glassmaker Pilkington North America made to photovoltaic materials.

Hiring Like It's 1999 - Bloomberg Businessweek

2011-08-17T10:32:00.000-04:00

Cleveland Ranked #1 in Tech Job Growth In a recent article in the Bloomberg News, Cleveland was ranked #1 nationally as a city with the biggest growth in tech jobs. Cleveland has experienced a 107% growth in the tech sector and companies such as Deloitte & Touche and IBM are looking to hire. The skills required for those jobs include systems integration, software engineering, and project management.

As the unemployment rate for the U.S. reached 9.2 percent in June, the unemployment rate for tech professionals dropped to 3.3 percent, from 5.3 percent in January according to the Bureau of Labor Statistics. In Northeast Ohio, hiring is strong with 68 percent of companies expecting to add staff in the coming year, according to a recently completed survey by the Northeast Ohio Software Association.

source: http://www.businessweek.com/technology/hiring-like-its-1999-08012011_page_2.html

U-Store-It Trust sells 18 warehouses in Cleveland, Canton and Indianapolis - Cleveland Real Estate News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2011-08-12T14:11:00.001-04:00

U-Store-It Trust sells 18 warehouses in Cleveland, Canton and Indianapolis - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

The real estate investment trust, formerly based in Cleveland, said it sold all its properties in Canton and reduced its Northeast Ohio portfolio outside Canton by 30% in terms of square footage. The company in a news release did not disclose the buyer or locations of specific properties.

NEW LISTING - 19645 PROGRESS DRIVE, STRONGSVILLE, OHIO 44149

2011-08-10T10:44:00.000-04:00

NEW LISTING - 19645 PROGRESS DRIVE, STRONGSVILLE, OHIO 44149

APPROX 4,000 SF
OFFICE BUILDING

FREE-STANDING BUILDING SITUATED IN A

WELL LOCATED BUSINESS PARK

Ohio Historic Preservation Tax Credit could revive Joseph & Feiss project - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2011-08-02T08:58:00.001-04:00

Ohio Historic Preservation Tax Credit could revive Joseph & Feiss project - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

The long-idled renovation of the dilapidated former Joseph & Feiss building on Cleveland's West Side may start up again after the project received a nearly $1 million Ohio Historic Preservation Tax Credit from the Ohio Department of Development.

CLEVELAND PORT AUTHORITY - PLANNING MOVE 2013

2011-07-20T09:42:00.000-04:00

CLEVELAND PORT AUTHORITY - PLANNING MOVE 2013

CLEVELAND, Ohio -- The Cleveland-Cuyahoga County Port Authority expects to pare its operating expenses by choosing to own rather than rent its office space.

The Port hopes to buy a three-story brick building at 1100 West Ninth St., at the edge of the Warehouse District. The property sits immediately south of the Port's waterfront property and just east of the Flats East Bank development site.

GlobeSt.com - DiGeronimo, Scannell Buy Chrysler Plant - Daily News Article

2011-07-18T09:49:00.001-04:00

GlobeSt.com - DiGeronimo, Scannell Buy Chrysler Plant - Daily News Article

TWINSBURG, OH-A venture of Independence, OH-based Scannell Properties and Indianapolis-based DiGeronimo Cos. has purchased the 167-acre closed Chrysler Stamping Plant, with plans to demolish more than half of the buildings and offer the rest as multitenant. Vancouver-based liquidation firm Maynards Industries bought the plant for $45.5 million after it shut down last summer.

CPI-HR acquires Summit Payroll Services - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2011-07-12T16:14:00.001-04:00

CPI-HR acquires Summit Payroll Services - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Summit Payroll Services founder Thomas Lutz has been appointed to the position of vice president of sales within CPI-HR.

Windows Phone App - Valley View, Ohio

2011-06-27T11:31:00.000-04:00

OverDrive Inc. continues its drive to be the king of all digital media.

The Valley View company said readers at 15,000 public, school, and corporate libraries now can download eBooks and audiobooks directly to their Windows Phone with the free OverDrive Media Console app.

The app enables users to find a library that offers digital books, and then download EPUB e-books, as well as MP3 audiobooks, on their device.

“With the launch of our new Windows Phone app, OverDrive now supports eBook and audiobook lending on every major mobile and desktop operating system,” said David Burleigh, director of marketing for OverDrive, in a statement. The company already has apps for iPhone, iPad, Android and BlackBerry, as well as Windows and Mac computers.

Source: Crains Cleveland

Ohio film tax credit draws another movie shoot to Cleveland - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2011-06-17T09:58:00.001-04:00

Ohio film tax credit draws another movie shoot to Cleveland - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

“I, Alex Cross,” based on a book by mystery novelist James Patterson, will begin filming in Cleveland in August.

new sustainability managers at cleveland's 'eds and meds' help green-up neo

2011-06-06T09:23:00.001-04:00

new sustainability managers at cleveland's 'eds and meds' help green-up neo

It's a well known fact that institutions such as the Cleveland Clinic, Case Western Reserve University and University Hospitals are growth engines in Cleveland's economy these days. A lesser-known fact is that these institutions and others have emerged as leaders in greening Northeast Ohio's economy.

Stow, OH Logistics company InterChez expands - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2011-05-18T15:51:00.002-04:00

Logistics company InterChez expands in Stow - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

"We needed the space to accommodate the growth of InterChez Logistics Systems Inc., and InterChez Global Services Inc., and in our experience, Stow is the place to be," said Mark A. Chesnes, president and CEO of InterChez. Mr. Chesnes founded InterChez in March 2002.

Office Trends Report Q1

2011-05-10T11:22:00.001-04:00

CHANGING THE FACE OF DOWNTOWN - CLEVELAND

The site of the new convention center and Medical Mart is taking shape, as properties are

demolished and ground excavation gets underway. Construction of the new offi ce tower

and hotel in the Flats has resumed and this phase will be completed in mid 2013. Plans for

the new casino along the Cuyahoga River are being fi nalized; however, offi ce tenants are

currently being relocated from the Higbee Building to make room for a temporary casino. An

iconic element of downtown’s facelift will be the new Inner Belt Bridge. The bridge replaces

the existing overpass where three interstates converge. Aiding in the recovery from a glut

of class B and C space, is the removal of over 300,000 square feet of vacant space from the

inventory. 113 St. Clair was demolished as part of the new convention center site and Euclid-

Ninth Tower is being converted into housing. Alternative uses for several Class B and C offi ce

buildings are being discussed and will have a positive impact on the statistical base in the

next 20 months.

ohio city's artisan economy turns the corner onto lorain

2011-05-05T11:30:00.002-04:00

ohio city's artisan economy turns the corner onto lorain

For decades, Ohio City's Lorain Avenue has been a symbol of beautiful decay, a place where hole-in-the-wall flea markets nestle up against biker bars and hot dog joints. A main drag with prostitutes plying their trade and third-hand appliance stores hawking their wares, while all around them century-old buildings fall apart brick by brick.Yet Lorain Avenue soon may be known for more than hot dogs, thrift stores and blight. A bevy of new businesses -- including a gourmet chili restaurant, vintage clothing store, architecture office, yoga studio and spice shop -- recently have opened along the main drag. More openings are planned for this summer.

HELPING TO SPREAD THE WORD!!

Cedar Shopping Centers is selling 17 Ohio properties to Canton firm - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2011-05-03T16:12:00.000-04:00

Cedar Shopping Centers is selling 17 Ohio properties to Canton firm - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Cedar Shopping Centers said 14 of the properties it's selling are anchored by Discount Drug Mart stores, and include shopping centers in Canton, Lodi and Westlake. The real estate investment trust said the aggregate sales price for the 17 properties is about $45 million.

Land Sites For Sale - Emerald Corporate Park

2011-04-28T09:40:00.001-04:00

Excellent Building Sites Located Near Cleveland Hopkins Airport
Visible from I-480
Sites from 2 to 45 Acres

Perfect Site for Hotels, Corporate Headquarters, Medical Campus

www.emeraldcorporatepark.com

For More Information:

George Stevens
216.453.3018
Licensed Real Estate Salesperson
george.stevens@grubb-ellis.com
http://www.stevenscommercial.com/

PARMA, OHIO - west creek metropark to receive $12M green makeover

2011-04-19T12:48:00.001-04:00

west creek metropark to receive $12M green makeover

West Creek Reservation, a 278-acre Metropark in Parma that originally opened in 2006, will undergo a $12 million makeover to be complete by fall 2012, including sustainable landscaping designed to reduce pollution and test a new national rating system.

energy $aver program to make older homes more efficient

2011-04-13T10:05:00.001-04:00

energy $aver program to make older homes more efficient
A soon-to-launch program from Cleveland's Office of Sustainability will provide energy audits and retrofits that will make older homes more energy-efficient. The program, which is funded in part by the American Recovery and Reinvestment Act (ARRA), is intended to spur the market for green retrofits.

Valley View - Office Space Available

2011-04-05T12:59:00.003-04:00

Valley View Office Space

Space Range:
1,420 SF to 27,000 SF

Highpointe Corporate Park

Rockside Business Park

Southport Center

Located on
Rockside Road

For More Information:

George Stevens
216.453.3018

Oakwood Village, Ohio - Office - Warehouse

2011-04-04T11:30:00.000-04:00

Alexander Business Park

Space Range - 5,500 SF to 19,740 SF

21510-21600 Alexander Road
Oakwood Village, Ohio

Multi-Tenant Complex

For more information please contact:
George Stevens
216.453.3018
george.stevens@grubb-ellis.com

Middleburg Heights - Warehouse - Flex - Office Space

2011-03-31T10:16:00.001-04:00

AIRPORT EXECUTIVE PARK

Engle Road, Middleburg Heights, Ohio

Suites Range from 875 SF to 12,250 SF
More Info...

Cleveland Hopkins' constant aviation spreads its wings with expanded facility

2011-03-31T09:49:00.001-04:00

hopkins' constant aviation spreads its wings with expanded facility Capabilities are said to be soaring at the new 15,000-square-foot Constant Aviation facility at Cleveland Hopkins International Airport (CLE). The facility is designed for the overhaul and repair of all sheet metal and bonded materials on commercial and corporate aircraft."During times when other businesses have been cutting back, our company has continued to grow our core capabilities [and] expand our services," says Stephen Maiden, Constant Aviation's president.

Cleveland medical mart and convention center - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2011-03-22T10:26:00.002-04:00

MMPI names trade show vet to run Cleveland medical mart and convention center - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Brian Casey takes the job effective May 2. He will be responsible for attracting trade show business to the facility and for identifying potential clients and events for the medical mart. Mr. Casey also will oversee functions including construction, operations, finance and leasing, while implementing strategic and marketing plans for the property, its tenants and trade shows.

Emerald Corporate Park - Perfect Hotel, Retail, and Entertainment Complex

2011-03-14T09:13:00.000-04:00

Emerald Corporate Park - Cleveland, OH

Building Sites from 2 to 45 ACRES

Minutes to
Cleveland Hopkins Airport

http://www.stevenscommercial.com/featured/-GraytonRd&EmeraldPkwy/

Commercial Real Estate - Forecast 2011

2011-03-07T13:18:00.001-05:00

GlobeSt.com - NNN Industrial Investment One-Liners - Net Lease Insider Article

2011-02-28T10:49:00.001-05:00

GlobeSt.com - NNN Industrial Investment One-Liners - Net Lease Insider Article

The length remaining on the lease term may not be as important as the location and the use of the property. An opportunity to renew or release could be a benefit to investors, especially if the underlying real estate meets the long term requirements of the tenant or use group.

QR Code for One International Place

2011-02-24T09:40:00.000-05:00

TAKE A LOOK!!!

DOES YOUR COMPANY HEADQUARTERS NEED A HOME?!

Forest City Enterprises Inc. inks lease for Horseshoe Casino Cleveland - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2011-02-24T09:36:00.001-05:00

Forest City Enterprises Inc. inks lease for Horseshoe Casino Cleveland - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

The five-year lease, which includes extension options, is for approximately 303,000 square feet of space on the lower level and first, second and third floors of the building. On Feb. 1, Forest City announced the closing of the sale of about 16 acres of land to Rock Ohio Caesars for Phase II of the project. The land for Phase II is adjacent to Tower City Center, which includes the Higbee Building.

66 acres of wetlands to Liberty Park, Twinsburg

2011-02-18T10:27:00.000-05:00

Summit County Metro Parks have added 66 acres to their Liberty Park in Twinsburg Township, advancing protection of the Cuyahoga River and its water quality.
The Trust for Public Land paid $1.22 million for the property, which will complete access to the park from Ravenna Road.

Plain Dealer Article Link

Greater Cleveland Sports Commission, Positively Cleveland set to move - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2011-02-08T13:15:00.002-05:00

http://www.east4thstreet.com/

Greater Cleveland Sports Commission, Positively Cleveland set to move - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Positively Cleveland and the Greater Cleveland Sports Commission will be moving to the southwest corner of Euclid Avenue and East Fourth Street

Viktor Schreckengost's New Home at Tower Press

2011-02-04T11:28:00.001-05:00

Development News
Viktor Schreckengost, a nationally-heralded designer that put Cleveland on the map for industrial design, will soon have his own museum at the Tower Press Building, just east of downtown Cleveland. The museum is scheduled to open in April or May. The nonprofit Viktor Schreckengost Foundation recently signed a lease on a 2,450-square-foot space on the first floor of Tower Press, a former factory at 1900 Superior Avenue that was turned into loft apartments, artist studios and offices a decade ago. The museum's goal is to celebrate Schrekengost's career as an industrial designer, as well as Cleveland's history as a center for industrial design. Schreckengost, who died in 2008 at age 101, designed a vast array of consumer goods, from trucks and bicycles to chairs, printing presses and gas stations.

23456 Mercantile Road, Beachwood Ohio

2011-01-31T12:19:00.001-05:00

23456 Mercantile Road, Beachwood, Ohio

For Sale or Lease

n Located in Well Developed Light Industrial Park

n Multi-Tenant Industrial Warehouse/Distribution Building

n 39,210 Sq. Ft. Total Building Size

n 2.25 Acre Site

n 2 Docks with Levelers

n 1 Drive-In

n Zoned U-8 –storage and manufacturing

n Property is conveniently located 1 mile from I-271

n 83 Parking Spaces

n Neighbors include: Daltile, Buckeye Rubber and Packing, and BASF Catalysts

n Electrical Services:

o 480- 600 AMP/3 phase

o 480- 400 AMP

o 220/120 Bus Duct

n Airlines throughout – Rotary Air Compressor

Leading Logistics Provider Announces New Ohio Contracts | The Columbus Dispatch - Stock Markets

2011-01-24T09:30:00.000-05:00

Leading Logistics Provider Announces New Ohio Contracts The Columbus Dispatch - Stock Markets

COLUMBUS, OH, April 06, 2010 /24-7PressRelease/ -- Columbus, Ohio based Spartan Logistics, announces its six-year contract to manage three warehouses and provide order fulfillment services for the State of Ohio in Toledo, Cleveland and Cincinnati warehouses. The Toledo location is an existing location for Spartan, but the company will open new locations by June 2010 in Cincinnati and Bedford Heights, Ohio. The total square footage Spartan will operate under this contract will be nearly 500,000 square feet.

Cuyahoga County Public Library - Parma, Ohio

2011-01-18T11:38:00.002-05:00

http://www.cuyahoga.lib.oh.us/

Cuyahoga County Public Library, city of Parma look to proceed with library consolidation - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Under the proposal, the new Parma city center branch will be constructed directly east of Parma City Hall between Ridgewood Drive and Powers Boulevard. At 45,000 square feet, it would be the largest branch in the county library system.

FLATS EAST BANK to be cleveland’s first green-certified neighborhood

2011-01-14T09:11:00.000-05:00

The Flats has often been called the birthplace of Cleveland. Soon, it will gain a new tagline when it's reborn as the city's first green-certified neighborhood. The Wolstein Group and Fairmount Properties, co-developers of the Flats East Bank project, are using sustainable building practices in the $272 million project, which broke ground in December. The project's financing dried up in 2008, but the developers revived the deal, cobbling together more than 35 public and private funding sources. The first phase will include an office tower, hotel, retail and 14-acre riverfront park.

Last year, the U.S. Green Building Council certified that the project had met Phase I criteria for Leadership in Energy Efficiency and Design for Neighborhood Development (LEED-ND). LEED is considered to be the national standard for sustainable design.

Employment Situation Report - Good News Friday

2011-01-07T10:54:00.001-05:00

Better News On the Way

Employers continue to hire cautiously according to this morning’s Employment Situation report from the Bureau of Labor Statistics showing a gain of 103,000 net new payroll jobs last month. The leisure and hospitality sector added 47,000 followed by education and health services with 44,000. The totals for October and November were revised up by 70,000. The unemployment rate, calculated from a different survey, plunged from 9.8 percent to 9.4 percent, which certainly is good news except that it is volatile in normal times and particularly so around the holidays due to seasonal adjustment issues.

MRN Ltd. buys building on Prospect Avenue that's home to Volk's Jewelry - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2011-01-04T11:09:00.001-05:00

MRN Ltd. buys building on Prospect Avenue that's home to Volk's Jewelry - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

The developer of the East Fourth Street Neighborhood downtown is on the move again, this time buying a small but strategic building at 413 Prospect Ave. that's best known as the home of Volk's Jewelry & Loan.

23456 Mercantile Road, Beachwood, OH

2010-12-29T14:33:00.000-05:00

23456 Mercantile

FOR SALE OR LEASE

n Located in Well Developed Light Industrial Park

n Multi-Tenant Industrial Warehouse/Distribution Building

n 39,210 Sq. Ft. Total Building Size

n 2.25 Acre Site

n 2 Docks

n 1 Drive-In

n Zoned U-8 –storage and manufacturing

n Property is conveniently located 1 mile from I-271

n 83 Parking Spaces

n Neighbors include: Daltile, Buckeye Rubber and Packing, and BASF Catalysts

Cleveland-Cuyahoga County Port Authority board closes year by discussing port's future - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2010-12-29T10:45:00.002-05:00

Cleveland-Cuyahoga County Port Authority board closes year by discussing port's future - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

The occasion for the soul-searching was the departure from the board after 12 ½ years of real estate developer John Carney, who had been a leading advocate for a sweeping, 20-year plan to move the port's docks from their current location west of Cleveland Browns Stadium to 200 acres at East 55th Street.

Mapleside Farms- Crain's Cleveland Business

2010-12-21T12:32:00.002-05:00

Buyer agrees to acquire bank's interest in Mapleside Farms - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

A company formed by a pair of lifelong Brunswick residents has agreed to buy the interests that had been held by Fifth Third Bank in Mapleside Farms in Brunswick.

digiknow and downtown cleveland alliance partner in mobile marketing plan

2010-12-16T15:00:00.003-05:00

digiknow and downtown cleveland alliance partner in mobile marketing plan

You're standing in front of a downtown building that is advertising newly refurbished condos for sale. You'd love to learn more about them, but it's 7 p.m. on a Sunday, and the sales office is closed. Out of luck, you head home, perhaps costing yourself new digs and the building owner a sale.

THIS ARTICLE IS VERY INFORMATIVE. WE ARE CURRENTLY USING QR CODES IN COMMERCIAL REAL ESTATE. LOOK FOR THEM ON OUR GRUBB & ELLIS PROPERTY SIGNS. BY USING YOUR SMARTPHONE TO SCAN THE CODE IT WILL REDIRECT YOU TO THE WEBSITE THAT CAN PROVIDE YOU WITH A FLOORPLAN AND/OR VIRTUAL TOUR. CURRENTLY YOU CAN ONLY USE THEM ON DROID OR IPHONE WITH THE CORRECT APP. THE APP IS FREE.

NEW OHIO CITY- thai restaurant quickly cooks up a following

2010-12-14T09:28:00.000-05:00

new ohio city thai restaurant quickly cooks up a following

The move quickly paid off. Amy says she's pleasantly surprised by the local support, especially considering that the site -- the former home of Jazz 28 and Halite -- is a couple blocks off the main West 25th Street drag. "We have a lot of regulars already," she reports. "We had one girl who was there four times in the first week we were open."

Cleveland, OH: st. clair superior neighborhood scores two new businesses

2010-12-08T14:50:00.001-05:00

st. clair superior neighborhood scores two new businesses

The St. Clair Superior neighborhood welcomed two new businesses recently, a café and a coffee shop, both in former factories, and both indicative of the forces that have been driving development in the area in recent years.

FORD - BROOKPARK, OHIO

2010-12-07T13:07:00.000-05:00

Ford starts second shift at Brook Park; gets tax credits for $100 million in upgrades at 2 plants

FLATS EAST BANK PROJECT - CLEVELAND OHIO

2010-12-06T12:41:00.000-05:00

CLEVELAND, Ohio -- The U.S. Department of Housing and Urban Development will provide $32 million in long-anticipated loan guarantees to support development on the east bank of the Flats.

CLEVELAND ARTICLE - READ MORE...

Chancellor University to lease current home for first half of 2011 - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

2010-11-29T09:26:00.000-05:00

Chancellor University to lease current home for first half of 2011 - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Chancellor University is turning over the title to its home at East 40th Street and Chester Avenue at year's end, but the local for-profit college will lease the property for an additional six months under a deal approved by the Cleveland-Cuyahoga County Port Authority yesterday.

University Circle: moca finalizes plans for stunning $27M university circle museum

2010-11-23T10:43:00.000-05:00

moca finalizes plans for stunning $27M university circle museum

University Circle's Uptown project took a major step forward last week when the Museum of Contemporary Art (MOCA) Cleveland board approved plans for a new home, a dramatic, six-faceted, $27 million structure of highly reflective stainless steel and glass to be built at Euclid Avenue and Mayfield Road.

Cleveland: Investors plan $55 million hotel project in historic Euclid Avenue buildings

2010-11-19T13:21:00.000-05:00

CLEVELAND, Ohio -- An out-of-state investor group plans to open a hotel on Euclid Avenue, in a $55 million project that could eliminate a dead zone in downtown Cleveland.

Read More...

Downtown advocates aim to rebrand, remake Cleveland's financial district

2010-11-16T15:47:00.000-05:00

CLEVELAND, Ohio -- While developers plot a casino on Public Square, patrons fill restaurants on East Fourth Street and club-goers flood the Warehouse District, Cleveland's one-time financial district sits quiet.

Read More...

Airport Executive Park

2010-11-15T10:44:00.000-05:00

GOOD NEWS FRIDAY!!!!

2010-11-12T15:03:00.001-05:00

Keep on Truckin’

Households and businesses purchased light trucks – pickups, SUVs and mini-vans – at an annualized rate of 6.4 million units in October, the highest level since August 2008. The performance broke through the elevated levels of late 2009 when the cash-for-clunkers program was in effect. Many analysts view light truck sales as a leading indicator of confidence among small businesses, which need the vehicles to service their clients as reported in a recent article by the AP. The increase in light truck sales coincides with an increase in optimism among small businesses according to the latest report from the National Federation of Independent Business, though the index remains depressed. Small business growth will help drive the economic recovery over the next two years.

DOWNTOWN CLEVELAND - GREAT VIDEO BY DOWNTOWN CLEVELAND ALLIANCE

2010-11-11T11:32:00.000-05:00

http://www.youtube.com/watch?v=Tp6gPQuexIY&feature=player_embedded

Commercial Real Estate News - Aspiring Boston REIT buys Chrysler parts facility in Streetsboro

2010-11-10T13:03:00.000-05:00

STREETSBORO, Ohio -- A real estate investor based in Boston has acquired its third Northeast Ohio industrial property, a Chrysler parts facility in Streetsboro.Property records show that STAG Capital Partners has purchased the single-tenant building, at 9777 Mopar Drive, for $10.9 million. The property was put on the market earlier this year by Invesco, a global investment manager based in Atlanta.

Weekly Market Insight

2010-11-09T10:41:00.001-05:00

The tightening cycle for commercial real estate debt has just about run its course according to the Federal Reserve’s quarterly Senior Loan Officer Opinion Survey on Bank Lending Practices. In the just-released October survey, 3.6 percent of respondents said they tightened standards for commercial real estate loans in the prior three months, the lowest level in 4 ½ years.

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GOOD NEWS FRIDAY

2010-11-05T10:57:00.000-04:00

Doing Better

Job growth in October doubled analyst expectations.

· The establishment survey revealed that employers added 151,000 net new payroll jobs. The private sector added 159,000 while the government – primarily local – subtracted 8,000.

· August and September data were revised higher by a combined 110,000.

· Since employment bottomed last December, the labor market has expanded by 874,000. This is just 10 percent of the jobs lost in 2008 and 2009, and the rate of improvement has been disappointing, but the trend is up. Average monthly private sector job growth this year was 79,000 in the first quarter, 118,000 in the second quarter and 122,000 in the third quarter. October’s 159,000 private sector jobs provide a running start for the fourth quarter.

· The growth in October was led by education and health services with 53,000, professional and business services with 46,000 (including 34,900 temp jobs) and 27,900 in retail trade. Manufacturers laid off 7,000.

· Average hourly earnings and average weekly hours both increased slightly

· The household survey revealed that the unemployment rate remained stable at 9.6 percent as both total employment and the labor force declined. The household survey does a better job than the establishment survey of tracking changes in employment at small businesses and among the self-employed – a sign that small businesses remain stressed.

The October employment report is not a blow-out number by any means, but along with other indicators such as the ISM manufacturing and non-manufacturing indexes, factory orders, vehicle sales and consumer spending, it suggests the economy is slowly gathering momentum.

landmark detroit shoreway building gets second chance thanks to keen developer

2010-11-04T16:00:00.000-04:00

landmark detroit shoreway building gets second chance thanks to keen developer

Grandon's investment is part of a redevelopment trend in the area. According to Ian Andrews, Director of Development for the Detroit Shoreway Community Development Organization (DSCDO), 33 new businesses have opened in the neighborhood since 2006. These include restaurants such as Luxe Kitchen and Lounge, Stone Mad, and the rebranded Happy Dog, and specialty retail like duoHome.

deal could make cleveland first city on great lakes with container service to canada

2010-11-02T11:42:00.000-04:00

deal could make cleveland first city on great lakes with container service to canada

Cleveland-Cuyahoga County Port Authority officials recently revealed that they are reconsidering long-stalled plans for a ferry between Ohio and Ontario. Last week, they announced another international transit plan, this time for container service.

GOOD NEWS

2010-11-01T08:27:00.000-04:00

Come to the Revival

Early last year when the labor market was shedding several hundred thousand jobs per month, multifamily was in the crosshairs of the unfolding housing crisis. Lost jobs plus burgeoning shadow supply (unsold condos and foreclosed houses being offered for rent) meant that demand and supply were heading in opposite directions. Today the multifamily market is recovering at a brisk pace. How did the turnaround happen?

· The labor market is growing, albeit slowly. Private employers added 863,000 payroll jobs year-to-date through September even as governments eliminated 250,000.

· As jobs become more plentiful, households are “unbundling.” Recent graduates who moved in with parents or friends are finding jobs and leasing apartments.

· Though mortgage rates are at historic lows, it is harder to qualify for a loan than it was during the boom because lenders are more carefully scrutinizing borrower credit.

· Renters feel no urgency to become homeowners. Prices are flat or still declining in most markets with the exception of coastal California according to the S&P/Case-Shiller Home Price Indexes. It could be awhile before homeownership is once again viewed as an avenue to long-term wealth creation.

· Foreclosures continue to mount, but the crisis seems to be adding renters faster than potential new rental units. Most foreclosed homeowners become renters right away or soon after they move, whereas their former homes can remain in limbo for awhile before they are sold, and only a fraction of them will become rental units.

· Many of the unsold or foreclosed units that enter the rental market are not directly competitive with professionally managed apartment communities with amenities, 24-hour maintenance and other features.

· As a result, the multifamily vacancy rate fell to 7.1 percent in the third quarter from 7.8 percent in the second quarter according to Reis. This is among the sharpest drops in the history of the Reis database.

· Long-term demographic trends favor the multifamily market. The 20-34 age cohort – prime renting years – will grow by 4.3 million in the current decade. These are the baby boomers’ kids, and they will fuel demand for apartments over the next few years.

· New construction is at a minimum, and favorable financing is available for investment properties through Fannie Mae and Freddie Mac.

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state tax credits could spurs millions of new investment in northeast ohio businesses

2010-10-28T11:10:00.000-04:00

state tax credits could spurs millions of new investment in northeast ohio businesses

"sharrows" point to easier bike-riding in cleveland heights

2010-10-28T11:06:00.000-04:00

Development News

Bike-riding in the Cleveland area is up 50 percent since 2006, according to a recent survey by the Northeast Ohio Areawide Coordinating Agency (NOACA). Cleveland Heights is hoping to push the figure even higher in next year's survey with the addition of "sharrows" on city roads.

Front Street Bridge in Berea Officially Reopened Today

2010-10-28T11:04:00.000-04:00

Front Street Bridge in Berea Officially Reopened Today

The Front Street Bridge project was put in motion by the City of Berea to alleviate traffic delays caused by the increasing amount of train activity along the CSX and Norfolk Southern Railroad tracks that intersected Front Street. The $18 million project will increase traffic flow efficiencies and reduce the amount of carbon dioxide emissions by cars waiting on passing trains.

MENTOR, OHIO DISTRIBUTION WAREHOUSE

2010-10-13T13:01:00.000-04:00

7610 Jenther

ONE INTERNATIONAL - FULL FLOOR FOR LEASE

2010-10-07T09:43:00.000-04:00

One International